Uniper wins tender to help secure Italy’s gas supply

  • Uniper prevails over eight competitors
  • Liquefied natural gas (LNG) to provide reserve for winter peak-demand situations
  • First-ever LNG delivery from the United States to Italy

Uniper will make a tangible contribution to the security of Italy’s gas supply during the winter. It won a tender for peak shaving service organized by Italy’s Ministry of Economic Development and conducted by Offshore LNG Toscana (OLT). Uniper Global Commodities, the company’s trading subsidiary, will deliver 105,000 cubic meters of LNG to FSRU Toscana terminal off the coast of Livorno, Italy, where it will be stored until needed. This represents about 63 million cubic meters of natural gas, enough to supply about 50,000 households for one year. The LNG, which is expected to arrive this weekend, is from Sabin Pass terminal, which is located in Louisiana on the coast of the Gulf of Mexico. It will be Italy’s very first LNG delivery from the United States and Europe’s third. By winning the tender, Uniper is obligated to respond to peak-demand situations between January and March 2017 by withdrawing the necessary amount of gas from the terminal and delivering it to SNAM Rete Gas, Italy’s gas transmission system operator. The price was agreed on in the tender.

OLT’s tender, which was held on October 28, was open to all LNG suppliers. The winner was announced on November 22. It was the fourth time this year that Italy’s Ministry of Economic Development has organized a tender for peak shaving service. Nine suppliers submitted bids, the most ever. Uniper contributed to Italy’s supply security earlier this year by delivering a cargo of 135,000 cubic meters of LNG in late June.

Uniper is a leading international energy company with operations in more than 40 countries and around 13,000 employees. Uniper’s business is to provide a reliable supply of energy and related services. Its main operations include power generation in Europe and Russia and global energy trading. Its headquarters are in Düsseldorf, Germany. Uniper has a roughly 48-percent stake in OLT. The Iren Group has the largest ownership interest (49 percent). Golar Offshore Toscana Limited owns about 3 percent.

This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.